Project 4 Insurance Toolbox 2.xlsx - INSURANCE WELCOME The...

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WELCOME: The Insurance Toolbox Series™ is a collecton of calcula±ors and workshee±s designed ±o suppor± your u calcula±ors are based on ±hresholds and legislaton ±ha± can change wi±hou± notce, ±hus i± is impor±an± implementng any acton. As always I am keen ±o hear any feedback as ±o improvemen±s or additons ±o ±he ±oolbox. Bes± Regards Andrew Hetherington BBE², GDip²P, Cer±IV ²S(²MB), Cer±IV TAE, CDec, A²A, ²PA (A³) Direc±or, Chief Operatng O´cer In±elli±rain P±y L±d 1300 735 082 WORKSHEETS IN THIS SERIES INCLUDE: 1. Tax Calculator - To help calcula±e income ±ax and franking credi±s. 2. Lump Sum - Estma±es ±he lump sum required now in order ±o genera fac±oring in ±he impac± of inµaton. 3. Life Cover - Provides a me±hod for calculatng life sums insured (guid 4. TPD - Provides a me±hod for calculatng TPD sums insured (guide onl 5. IP - Provides a me±hod for calculatng Income Pro±ecton sums insure 6. Trauma - Provides a me±hod for calculatng Trauma sums insured (gu Disclaimer: These tools are NOT designed for providing actual Fnancial, credit o in your Cer±Fcate, Diploma or training program. Outcomes need to be conFrmed Intellitrain provides no warranty for the calculators. Whilst all e²orts have been m error, we make no asser±on that this is the case. You should check calcula±ons fo professionals to conFrm the accuracy of results and appropriateness for you. INSURAN
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professionals to conFrm the accuracy of results and appropriateness for you.
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unders±anding of Fnance concep±s. Many of ±he ± ±o conFrm all resul±s via independen± resources before a±e a regular annual income for a given period of tme, de only). ly). d (guide only). uide only). or business modelling advice, but to aid as an educa±on tool d from other sources. made to ensure the calculators are accurate and free from or yourself , and consult with qualiFed and licensed NCE TOOLBOX SERIES
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INCOME RANGE TAX RATE $0 to $18,200 0 $0 $18,201 to $37,000 0 + 19% $0 -3,458 0 $37,001 to $80,000 3,572 + 32.5% $0 -8,453 0 $80,001 to $180,000 17,547 + 37% $120,000 32,347 2,400 $180,001 + 54,547 + 45% $0 -26,453 0 Fully Franked Dividend $0.00 Franking Credits $0.00 Total Assessable $0.00 Enter "Gross Income" into the yellow box for the relevant income range. GROSS INCOME INCOME TAX MEDICARE LEVY INSURANCE TOOLBOX SER
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$0 0 $0 -3,458 3,458 $0 -8,453 8,453 $0 34,747 85,253 $0 -26,453 26,453 FRANKING CREDITS TOTAL TAX NET INCOME OVERVIEW: This calculator is designed to work out the in medicare levy payable on an Australian resi income for the 2015-16 Financial Year . Note: This does not include the Medicare Su calculated on a sliding scale as per income ± those who do not hold appropriate private h does it include the low income tax rebate or earner medicare levy reduc±on. INSTRUCTIONS: 1. Enter the gross income amount for the yellow box that corresponds to the inco clients income falls into. 2. Share dividends received as Fully Franke into the lower calculator to determine t Franking Credits a²ached. The total ass then needs to be manually added to the the top calculator, and the franking cred the franking credit column.
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